House File 694 - Introduced HOUSE FILE 694 BY COMMITTEE ON GOVERNMENT OVERSIGHT (SUCCESSOR TO HSB 244) A BILL FOR An Act relating to tax rates for employers with inactive 1 accounts under the state unemployment compensation law. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2779HV (1) 84 je/rj

H.F. 694 Section 1. Section 96.8, subsection 4, Code 2011, is amended 1 by adding the following new paragraph: 2 NEW PARAGRAPH . c. If a subject employer with an inactive 3 account pays wages within twelve quarters of the end of the 4 last quarter in which the employer paid wages, the employer 5 shall receive a contribution rate based upon the experience of 6 the reactivated account. 7 EXPLANATION 8 This bill provides that an employer subject to the state 9 unemployment compensation law who has an inactive account 10 and who pays wages within 12 quarters of the end of the last 11 quarter in which the employer paid wages must receive a 12 contribution rate for the employer’s unemployment compensation 13 tax based upon the experience of the employer’s reactivated 14 account. 15 -1- LSB 2779HV (1) 84 je/rj 1/ 1